DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - USA: The dreams of our founders will live on.

**priceyicey** · 01-22-2009, 10:34 PM

America has created the entire world capitalist system of this modern era, if it collapses, so will every other industrialized country on earth

The OPEC countries will not collapse because their domestic economy will continue to provide support. All those protectionism they imposed will in fact help them overcome some aspect of the crisis when the USD is no longer the reserve currency.

So far, only the US & Brits govts are in danger of defaulting.
Those OPEC & emerging economies depending on the US will suffer the most - e.g. China, Korea, Japan and Singapore.

We will look to Germany to provide a solution to this crisis.

01-22-2009, 10:34 PM	#5
priceyicey Join Date Oct 2005 Posts 451 Senior Member	America has created the entire world capitalist system of this modern era, if it collapses, so will every other industrialized country on earth The OPEC countries will not collapse because their domestic economy will continue to provide support. All those protectionism they imposed will in fact help them overcome some aspect of the crisis when the USD is no longer the reserve currency. So far, only the US & Brits govts are in danger of defaulting. Those OPEC & emerging economies depending on the US will suffer the most - e.g. China, Korea, Japan and Singapore. We will look to Germany to provide a solution to this crisis.
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